6415 Kingston Rd
Centennial Scarborough, Scarborough, M1C 1L2
FOR SALE
$6,500,000
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3 + 1
BEDROOMS3
BATHROOMS1 + 1
KITCHENS7 + 3
ROOMSE10416978
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Property Description
Fully assembled property in a highly sought-after location, offering exceptional potential for redevelopment into multi-family apartment or retirement living. Strategic location situated on a busy street ensuring each access to public transportation and assessibility. Perfect for developers looking for a promising, supported and high return project.
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Extras
Drawings for two retirement home buildings with a potential for 300 units on 2.5acres land. 6405 and 6415 Kingston Rd being sold together.
Nearby Intersections
Property Features
Ravine, River/Stream
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
110' x 173'
Fronting
South
Taxes
$5,522 (2024)
Basement
Finished
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
Attached
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Scarborough Market Statistics
Scarborough Price Trend
6415 Kingston Rd is a 3-bedroom 3-bathroom home listed for sale at $6,500,000, which is $5,300,783 (442.0%) higher than the average sold price of $1,199,217 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 3 bedroom home in Scarborough declined by $84,503 (6.6%) compared to the previous 30 day period (November 18 - December 17) and down $50,805 (4.1%) from the same time one year ago.Inventory Change
There were 300 3-bedroom homes listed in Scarborough over the last 30 days (December 18 - January 16), which is down 37.5% compared with the previous 30 day period (November 18 - December 17) and up 39.5% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Scarborough typically sold ($12,463) (1.0%) below asking price over the last 30 days (December 18 - January 16), which represents a $7,759 decrease compared to the previous 30 day period (November 18 - December 17) and ($30,228) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Scarborough over the last 30 days (December 18 - January 16) stood at 68.3%, down from 104.2% over the previous 30 days (November 18 - December 17) and down from 100.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Scarborough stood at 37 days when successfully sold over the last 30 days (December 18 - January 16), compared to 75 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Advantage Realty
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